EURJPY London briefing — 2026-07-31

BIAS BEARISH — H1 EMA bearish, RSI neutral-depressed, D1 structure neutral; price rejected at 185 resistance. KEY LEVELS R: 185.00, 187.48 | S: 184.50, 182.13 NEWS 🔴 Core CPI MoM (EUR) 09:00 UTC 🔴 Core CPI YoY (EUR) 09:00 UTC 🔴 CPI MoM (EUR) 09:00 UTC SESSION OUTLOOK ECB data risk pre-London open; watch reaction at 185 resistance. Lower closes target 184.50 support if inflation softens.

Key Levels

R: 185.000 · 187.480

S: 184.500 · 182.128